ParcelLens
Property Intelligence · Twin Cities
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Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.
HUD — LIHTC Qualified Census Tracts ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.
HUD — LIHTC Qualified Census Tracts ↗Signals are based on public datasets; program eligibility requires verification.
No permits found in Minneapolis open data for this parcel.
Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 85
Zip code 55407
Source: Redfin Data Center (Invalid Date) · Zip 55407
Urban Neighborhood 2 — moderate-density residential
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 3,491 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 1117 31ST ST E MINNEAPOLIS MN 55407 | ALEX PROPERTIES INC | APARTMENT | $546,000 | 69 ft |
| 1115 31ST ST E MINNEAPOLIS MN 55407 | J G JARA & J A JARA | APARTMENT | $452,000 | 75 ft |
| 3116 12TH AVE S MINNEAPOLIS MN 55407 | CAITLIN FITZGERALD | CONDOMINIUM | $124,000 | 83 ft |
| 3116 12TH AVE S MINNEAPOLIS MN 55407 | J HAMER-LIGHT & J RESSLER | CONDOMINIUM | $124,000 | 83 ft |
| 3116 12TH AVE S MINNEAPOLIS MN 55407 | ROSARIO FAJARDO | CONDOMINIUM | $92,000 | 83 ft |
| 3116 12TH AVE S MINNEAPOLIS MN 55407 | JOHN W PENTERMAN | CONDOMINIUM | $92,000 | 83 ft |
| 3116 12TH AVE S MINNEAPOLIS MN 55407 | SPENCER D LEWIS | CONDOMINIUM | $116,000 | 83 ft |
| 3116 12TH AVE S MINNEAPOLIS MN 55407 | KENT BURNS | CONDOMINIUM | $118,000 | 83 ft |
| 3116 12TH AVE S MINNEAPOLIS MN 55407 | JORDYN LILLIAN THOMPSON | CONDOMINIUM | $125,000 | 83 ft |
| 3116 12TH AVE S MINNEAPOLIS MN 55407 | MARIE LISTOPAD/LOWELL NELSON | CONDOMINIUM | $134,000 | 83 ft |
Most Recent Sale
Current Tax Year